TRUMP AUTO TARIFFS REDUCTION
US-China tariff talks to continue Sunday, as Trump touts 'great progress made'
President Trump hailed “great progress” in US-China tariff talks in Switzerland, suggesting a possible “total reset.” While no major breakthrough occurred, negotiations will continue. Trump aims to ease trade tensions affecting global markets. Talks with Swiss leaders also addressed US tariffs on Swiss goods, prompting cautious Swiss responses amid economic concerns.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. officials initiated discussions with their Chinese counterparts in Geneva, aiming to de-escalate trade tensions marked by escalating tariffs. While a major breakthrough seems unlikely, both nations hope to scale back tariffs on each other's goods, potentially easing pressure on global markets.
US Stock Market predictions: S&P 500, Dow Jones, Nasdaq eye US-China trade talks
Stock Market in the USA will have another busy week as all eyes are on the Washington's trade talks with China, first since Donald Trump's tariff announcement.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
India offers to slash tariff gap by two-thirds in dash to seal trade pact with Trump
India has proposed reducing its tariff gap with the U.S. to under 4% from nearly 13% in exchange for exemption from U.S. tariffs. This offer includes zero duties on 60% of tariff lines initially and preferential access to nearly 90% of U.S. goods. India seeks preferential market access for key sectors and parity with U.S. allies in critical technologies.
As trade talks begin, Chinese exporters prepare to get goods moving to US again
Following tariff-induced cancellations, China-based shipping agents are resuming container space purchases for U.S.-bound goods as trade talks loom. U.S. retailers, facing potential empty shelves due to inventory depletion, are restarting shipments despite existing tariffs. While optimism for tariff reduction grows, some experts caution that a swift resolution to the trade war remains unlikely.
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US weighs plan to lower China tariffs to as low as 50%: Report
Reports indicate that the Trump administration may reduce tariffs on Chinese imports. The tariff could be slashed by more than half. The New York Post reported this news citing sources. However, the White House has dismissed the report. The White House calls it speculation. The White House spokesperson said that tariff decisions will come directly from the President.
Donald Trump lays red carpet for Rolls-Royce, Bentley, Jaguar in UK Trade agreement. Details here
President Donald Trump on Thursday reduced taxes on handmade UK luxury cars like Rolls-Royce, saying they are rare and don’t compete with U.S. cars. The UK will also lower some U.S. taxes.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian stock indices closed lower Thursday amid India-Pakistan tensions and weak global cues. Sensex fell 412 pts; Nifty dropped 141 pts on profit booking and geopolitical concerns.
US President Donald Trump to hold news conference on Thursday, hints at a 'major trade deal'
President Trump announced an Oval Office news conference on Thursday at 10 a.m. EDT to unveil a significant trade deal with a "big, and highly respected, country." This announcement follows a period of intense trade negotiations and tariff implementations, including levies on various countries and commodities.
These Ford models to get expensive in US: Check car prices amid Trump tariffs tensions
In a notice sent to dealers, Ford has informed that the prices for some of its models are being increased by up to $2,000. A spokesperson said the latest increase in prices was due to "usual" mid-year pricing actions along with the tariffs that the company faces.
American car, made in Korea: Why General Motors is hurt by tariffs
General Motors faces tariff challenges. These tariffs impact earnings. Other automakers also face difficulties. Ford aims to offset costs. Experts note changing manufacturing locations. Tariffs may reduce affordable car options. The average new car price is already high. GM explores cost cuts and trade agreements. The company remains committed to its Korean operations. These operations are a global export base.
Can Schaeffler navigate US tariffs and industry softness to meet its full-year forecast?
Schaeffler, a German machine and car parts maker, saw its first-quarter revenue decline. The revenue fell short of market predictions. The company attributes this to industry softness. However, Schaeffler believes the impact of US tariffs is manageable. CEO Klaus Rosenfeld acknowledges a challenging market. Trade conflicts create planning difficulties. The company is assessing how to handle tariff costs.
‘Canada won't be for sale’: Carney-Trump showdown at the White House
Mark Carney met Donald Trump in Washington. Carney stood firm that Canada's sovereignty is non-negotiable. Trump wants a closer US-Canada relationship. He reiterated his stance on tariffs. Carney asked Trump to stop calling Canada "the 51st state". Discussions included trade, military cooperation, and the USMCA. Carney will continue to push for tariff removal.
US futures climb as Bessent-China talks confirmed
S&P 500 contracts rose 0.8% in early Asia trading on news that Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with the Chinese government later this week in Switzerland. The planned talks could buoy investors eager to see a reduction in tariffs that risk crippling trade between the world’s two largest economies.
Is Canada finally breaking free from US trade dominance amid a brewing trade war?
In March 2025, a trade war between Canada and the United States led to a significant decrease in exports to the US. However, Canada compensated by increasing overseas shipments, particularly to the United Kingdom, Netherlands, and Germany. Despite the overall trade deficit narrowing, analysts anticipate further trade challenges in the coming months as the full impact of tariffs is felt.
Threatened by Trump tariffs, Japan walks delicate tightrope between US and China
Amidst US tariff pressures, Japan navigates a complex relationship with China, balancing economic opportunities with historical tensions and security alliances. While seeking tariff resolutions with Washington, Japan engages with Beijing, signaling a pragmatic approach to regional stability. Simultaneously, Japan strengthens ties with Southeast Asian nations, competing with China for influence in the face of evolving trade dynamics and US policies.
Can Trump's tariffs truly cut Income taxes for Americans earning less than $200,000? Check details
President Trump had recently dropped hints about eliminating income taxes for people earning less than $200,000 per year. "When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year," he wrote. But experts have expressed apprehension over Trump's claims.
US president Donald Trump says he wants a fair trade deal with China
President Trump stated the U.S. is actively engaging with numerous countries, including China, to negotiate trade agreements, with securing a fair deal with China as the top priority. While no talks with President Xi are planned this week, U.S. officials are in communication with their Chinese counterparts.
Trump says won't remove Fed chair Powell before term ends in 2026
President Trump stated he would not remove Federal Reserve Chair Jerome Powell before his term ends in 2026, despite calling him "a total stiff" and urging lower interest rates. Trump acknowledged Powell isn't a fan but anticipates eventual rate cuts.
Jaguar Land Rover restarts car exports to the US, London's Times reports
Jaguar Land Rover has resumed sending cars to America. Shipments had stopped because of tariffs imposed by the United States. The first vehicles left Britain on Wednesday after almost a month-long pause. Tata Motors owns Jaguar Land Rover. Aston Martin will share the tariff costs with its customers. The United States is a major market for British cars after Europe.
US, India fast-track $500 bn trade deal as JD Vance visits amid global tariff unrest
Amidst US-China trade tensions and reciprocal tariffs, Vice President JD Vance's visit to India underscores the urgency of finalizing the Bilateral Trade Agreement (BTA). Both nations aim to boost trade to $500 billion by 2030, focusing on energy, defense, and technology.
Trump’s tariff not applicable on Canadian auto parts under CUSMA compliance
Canadian auto parts meeting CUSMA standards are exempt from new U.S. tariffs, providing relief to Canada's auto industry. This exemption safeguards economic growth and jobs in key provinces, reinforcing CUSMA's role as a shield against trade disruptions. The decision eases tensions and highlights the value of free trade within North America.
Japan's finance minister calls US Treasury holdings 'a card' in tariff talks with Trump
Japan's Finance Minister Katsunobu Kato suggested that the country's substantial U.S. Treasury holdings could be a negotiating tool in tariff discussions with the Trump administration. While not explicitly threatening sales, Kato implied that maintaining these holdings could influence Washington towards a favorable trade agreement for Japan. This comes as the U.S.
Trump's tariffs have launched global trade wars: Here's a timeline of events
Donald Trump’s sweeping new tariffs have reignited global trade tensions, targeting China, Canada, Mexico, and the EU. The measures have triggered swift retaliation, escalated economic uncertainty, and drawn warnings from economists about inflation, disrupted supply chains, and a potential global slowdown. Policy volatility further clouds business planning.
Trump eases auto tariffs burden as Howard Lutnick touts first foreign trade deal
President Trump softened auto tariffs with credits and levy relief, aiming to ease investor concerns amid criticism of his economic policies. The move, allowing carmakers more time to increase domestic component usage, comes as a new set of import taxes looms.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump is set to sign an executive order easing some of the 25% tariffs on autos and auto parts, a move intended to boost domestic manufacturing jobs. The changes aim to prevent multiple tariffs on foreign-made vehicles and reduce tariffs on imported parts used in U.S. auto production.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump will sign an executive order easing 25% tariffs on autos and parts, aiming to support US manufacturing and jobs. The move, welcomed by automakers, seeks to reduce costs and retroactively adjust enforcement. Experts warn, however, broader tariffs may still raise prices and hurt overall auto sales and growth.
Trump to reduce impact of auto tariffs, Commerce secretary Howard Lutnick says
The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This move aims to reward companies manufacturing in the U.S. and encourage further domestic investment.
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